Stats changes calculations on deficit and debt

The Slovak Statistics Office has introduced several methodology changes to its report on Slovakia's deficit and debt for 2003-2007 that was presented to Eurostat on October 1, it was reported on October 22.

The changes have led to a revision of the original data on the country's deficit and debt for the years concerned. The public administration deficit for 2006, for example, has been increased from the original 3.39 percent to 3.69 percent. "The most significant change is in the methodology of the accrual recording of taxes and social contributions," said the stats office.

Following consultations with Eurostat, Slovakia has introduced a methodology of time shifts in cash payments for calculating the value of tax and social contributions. According to statisticians, other changes have been introduced in compiling source data for entities classified within the public sector, in the classification of certain source items, and in recording insurance payments made by the state for selected groups of citizens.

"Based on Eurostat's recommendations, license fees for Slovak Television (STV) and Slovak Radio (SRo) have been re-classified from profits to other common taxes," said the Statistics Office, adding that these institutions have been transferred from the sector of non-financial corporations to the public administration sector. TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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